New York – The world financial system not only isn’t functioning, it’s on the brink of collapse, according to investor George Soros.
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The Hungarian-born philanthropist, who recently spent time in countries where his charities are active, such as Africa, said he sees a growing bifurcation between emerging and developed countries – and he’s more confident about prospects for the emerging ones.
The current global financial system is in a “self-reinforcing process of disintegration,” Mr. Soros warned, and “the consequences could be quite disastrous. You have to do what you can to stop it developing in that direction.”
Hungarian-born philanthropist?
How about Marxist, tyranical, master-manipulator & puppeteer with psychopathic, anti-semitic delusions of grandeur?
I’d say after 120 he’ll truly get what he deserves, but the world can’t wait that long.
philanthropist ….that is one word i would certainly not use to describe him…..he uses his money to buy people…so that they would agree with him a he pushes his liberal wacky agendas
I am not sure about that, but what I am sure is that the financial system is stronger than one of his recent marriages.
Let this old goat collapse.
אין בן דוד בא עד שתכלה פרוטה מן הכיס
You may not like his politics, but his reasoning is not thereby rendered any less valid.
Consider a poker table in Atlantic City, where $80 dollars is taken off the table by the casino every hour. Unless new players, with their new, additional money, replace old players, then the casino will end up holding all the money and everyone else will be penniless. Now replace the casino with the oil-producer countries and the players with consumers of the world and their respective countries and diplomatic associations. While the Europeans with their Euro, the Americans with our greenbacks, the Japanese with their yen, and now the Chinese with their yuan, all chase fewer sales to ever-fewer consumers, these individual economies jointly and severally, are contracting at a pace that has not yet precipitated armed conflict (as in aftermath of the total colonization of Africa by the turn of the previous century), but rather at a pace which now pits Indian radiologists against American ones and Taiwanese guitar makers against Mexicans.
This contraction from fewer expendable funds was hidden by the crop and computer revolutions – we need another lucky break resource wise.
I can only imagine what kind of strong soul power this man has…whether he was a huge rasha in his previous life – every generation seems to have their goliaths…in that generations form
He Always Uses This Tactic of Trying to Scare People to try and push his Radical Agenda Foward. ‘New World Order’, One World Government, Global Currency, Global firearms ban, the list goes on and on and on!!
They tell you he’s an investor or a philanthropist, but his main road to riches was as a currency speculator who has single handedly affected the FOREX exchange ….